Portland Seed Fund expected to reach $3M

| Print |  Email
Must Reads
Wednesday, January 11, 2012

The Portland Seed Fund is about to close on a financing round worth nearly $1 million, bringing the total investment to nearly $3 million.

 

The Portland Development Commission will vote this afternoon whether to approve a $200,000 grant to the fund, bringing its total investment in the experiment to nearly $750,000. 
The vote is largely a matter of procedure; the money has already been allocated. The state of Oregon, the city of Hillsboro and 21 area angel investors have also contributed to the fund to date, bringing its balance to nearly $3 million, said Angela Jackson, who manages it with Jim Huston through their investment firm Bridge City Ventures. 
The Portland Seed Fund invests $25,000 into a handful of promising startups and advises them for three months. Applications for its second class were due Monday, and fund managers will narrow down the finalists within weeks. Jackson declined to say how many startups applied.

Read more at OregonLive.com.

{biztweet}portland seed fund{/biztweet}

 

 

More Articles

Taking the lead in boosting Oregonians’ health and strengthening our economy

Contributed Blogs
Thursday, January 08, 2015
0108-injection-thumbBY CAMBIA HEALTH SOLUTIONS & OREGON BUSINESS COUNCIL | OP-ED

Businesses have a significant stake in the health of Oregonians. In fact, we cannot succeed without it. By committing to using our companies as levers for good health, we invest in our people, our business, our quality of life and our economy. 


Read more...

Transportation Fairness Alliance holds demonstration in Pioneer Square

The Latest
Wednesday, January 14, 2015
IMG 3367BY JACOB PALMER | OB DIGITAL NEWS EDITOR

Portland's cab companies urged city hall for consideration as officials weigh new rules for Uber and other ridesharing companies.


Read more...

How Oregon will survive the loss of Hanjin

March 2015
Friday, February 20, 2015
BY JOE CORTRIGHT | OB CONTRIBUTOR

"Shipping containers to Portland is like waiting for a bus that travels once a day."


Read more...

Ski traffic

Linda Baker
Tuesday, January 20, 2015
0121-skiway-thumbBY LINDA BAKER | OB EDITOR

A place-based multimodal transportation plan for Mt. Hood is long overdue.


Read more...

How a Utah-based essential oils company cornered the Oregon market

March 2015
Friday, February 20, 2015
BY AMY MILSHTEIN | OB CONTRIBUTOR

Multilevel marketing, health claims and zyto scanner biofeedback machines: How dōTERRA thrives in Oregon. 


Read more...

Tweeting Portland's State of the City address

News
Friday, January 30, 2015
Screen Shot 2015-01-30 at 3.08.19 PMBY JACOB PALMER | OB DIGITAL NEWS EDITOR

For those who were working, here are a few highlights of Charlie Hales' State of the City address.


Read more...

Convention Wisdom

February 2015
Monday, January 26, 2015
BY KIM MOORE

After more than a decade of wrangling, construction on a convention center hotel in Portland is slated to start this summer. But debate over project financing continues.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS